Nickel plate remains weak

NEW DELHI: Barring weakness in Nickel plate, prices of other base metals continued to move in a limited range on the local non-ferrous metal market today in the absence of any worthwhile activity.

Traders said lack of buying by consuming industries continued to pull down Nickel plate prices.

They said paucity of funds was an additional weakening factor.

Nickel plate (4x4), (9x9) and (4x24) remained weak and moved further down to Rs 527-625, Rs 528 and Rs 530-630 per kilo respectively from Rs 530-630, Rs 532 and Rs 535-635 per kilo on reduced offtake by electroplating units'.